Question 6 (1 point) Saved According to the Fisher Effect, if the UK has inflation of 3%, and the UK has a nominal rate of return = 6%, what should the UK real rate be? (Enter your answer as a whole number with no symbols. For example, if you compute 1.23%, enter "1.23") Your Answer: 3.00 Answer Question 7 (1 point) If a Big Mac costs 1.93 in the UK and $3.48 in the USA, and the actual exchange rate is 0.48/$ at that time, by what % does PPP (Purchasing Power Parity) suggest the pound is overvalued? (enter your answer as a whole number without the percent sign. For example, if you compute 1.23%, enter "1.23") Your Answer: Question 9 (1 point) If the USA has inflation of 1% and the UK has inflation of 4%, what should the approximate interest rate differential be? (Enter your answer as a whole number with no symbols. For example, if you compute 1%, enter "1") Your